Xcel Energy 2010 Annual Report Download - page 12

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2
TABLE OF CONTENTS
Index
PART I
Item 1 — Business ........................................................................................... 3
DEFINITION OF ABBREVIATIONS AND INDUSTRY TERMS ................................... 3
COMPANY OVERVIEW
......................................................................... 8
ELECTRIC UTILITY OPERATIONS
.............................................................. 10
Electric Utility Trends .......................................................................... 10
NSP-Minnesota
.............................................................................. 10
NSP-Wisconsin
.............................................................................. 16
PSCo
........................................................................................ 17
SPS
......................................................................................... 21
Electric Operating Statistics
..................................................................... 28
NATURAL GAS UTILITY OPERATIONS ........................................................ 28
Natural Gas Utility Trends ....................................................................... 28
NSP-Minnesota
.............................................................................. 28
NSP-Wisconsin
.............................................................................. 30
PSCo
........................................................................................ 31
Natural Gas Operating Statistics ................................................................. 32
ENVIRONMENTAL MATTERS
.................................................................... 33
CAPITAL SPENDING AND FINANCING ........................................................... 33
EMPLOYEES
...................................................................................... 33
EXECUTIVE OFFICERS
........................................................................... 33
Item 1A — Risk Factors ........................................................................................ 34
Item 1B — Unresolved Staff Comments ......................................................................... 42
Item 2 — Properties .......................................................................................... 42
Item 3 — Legal Proceedings .................................................................................. 46
Item 4 — Reserved ........................................................................................... 46
PART II
Item 5 — Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities ........................................................................................ 46
Item 6 — Selected Financial Data ............................................................................. 48
Item 7 — Management’s Discussion and Analysis of Financial Condition and Results of Operations ................ 49
Item 7A — Quantitative and Qualitative Disclosures about Market Risk ............................................ 79
Item 8 — Financial Statements and Supplementary Data ........................................................ 79
Item 9 — Changes in and Disagreements with Accountants on Accounting and Financial Disclosure ................ 148
Item 9A — Controls and Procedures ............................................................................. 148
Item 9B — Other Information .................................................................................. 149
PART III
Item 10 — Directors, Executive Officers and Corporate Governance ............................................... 149
Item 11 — Executive Compensation ............................................................................ 149
Item 12 — Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters ..... 149
Item 13 — Certain Relationships and Related Transactions, and Director Independence ............................. 149
Item 14 — Principal Accountant Fees and Services .............................................................. 149
PART IV
Item 15 — Exhibits, Financial Statement Schedules .............................................................. 149
SIGNATURES ................................................................................................. 160